Deed of Trust and Retention Agreement

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 TITLE OF DOCUMENT:

 SUBORDINATION AGREEMENT

 Document Contains         Pages (including exhibits)

 PARTIES TO DOCUMENT:
 MORTGAGOR:
    Address:

 SUBORDINATOR/MORTGAGEE: Federal                Home Loan Bank of Seattle
 Address: 1501 Fourth Avenue, Seattle, WA 98101-1693

 TAX MAP KEY:




Federal Home Loan Bank of Seattle – Affordable Housing Program
State of Hawaii 1-05
                                         Subordination Agreement
This Subordination Agreement is made by the Federal Home Loan Bank of Seattle (“FHLB Seattle”) regarding
a Mortgage and Retention Agreement (“Retention Agreement”), recorded in        County, Hawaii on        ,
20      , recording number       , executed by         (“Owner”) regarding the following real property
(“Property”) in      County, Hawaii:

          Registered Land Certificate of Title Number (if applicable):

          Book and Page or Document No. of Recordation of Interest Acquired:
       (“Lender”) might lend money to Owner (“Loan”) secured by a mortgage on the Property (“Mortgage”).
To induce Lender to make the Loan, FHLB Seattle hereby subordinates the Retention Agreement to the
Mortgage, provided that this Subordination Agreement shall be deemed void if the Mortgage is not recorded
within sixty (60) days after the date hereof.

                                                              FEDERAL HOME LOAN BANK OF SEATTLE

                                                               By: ______________________________________
                                                                    ______________________________________
                                                               Its: ______________________________________
STATE OF WASHINGTON                  )
                                     )       ss.
COUNTY OF KING                       )
I certify that I know that      is the person who appeared before me, and said person acknowledged that
signed this instrument, on oath stated that       was authorized to execute the instrument and acknowledged it
as the         of the Federal Home Loan Bank of Seattle to be the free and voluntary act of such party for the uses
and purposes stated therein.

  Date:

                                               Name:
                                                              Notary Public, State of Washington
                                                                   Residing at:
                                                        My Commission expires:




Federal Home Loan Bank of Seattle – Affordable Housing Program                                           Page 2
F- A-y (Rev. 1-05)

				
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